Business Bank Account

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glimmer
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Joined: Mon Jul 20, 2020 2:04 pm
Location: Kansai

Business Bank Account

Post by glimmer »

Any recommendations for a business bank account? My accountant advised going with an online bank but wouldn't recommend a specific brand.

I currently only have individual accounts with Japan Post Bank and Sony Bank. When I visited Shinsei and PRESTIA, they told me that they cannot provide business banking services.

Thank you.
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mule96
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Joined: Mon Feb 18, 2019 1:32 am
Location: Yokohama

Re: Business Bank Account

Post by mule96 »

I cannot recommend Mizuho from own experience. I heard similar bad experiences from the other mega banks.

some of Mizuhos weak points:
  • supports only internet explorer with certificates
  • incredible outdated gui
  • expensive fees
  • password reset is done via snail mail!
glimmer
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Joined: Mon Jul 20, 2020 2:04 pm
Location: Kansai

Re: Business Bank Account

Post by glimmer »

Appreciate the heads up! Will definitely avoid!

Internet Explorer??!! 😂 But I guess Mizuho will be forced to switch as it’s bound to be discontinued in August 2021.
Petronius
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Re: Business Bank Account

Post by Petronius »

I just registered a kojin jigyou and opened a bank account at Japan Net bank.
Super easy process, all remote, well explained on their website.
https://www.japannetbank.co.jp/business ... cr=ba_gl03
glimmer
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Posts: 69
Joined: Mon Jul 20, 2020 2:04 pm
Location: Kansai

Re: Business Bank Account

Post by glimmer »

Thanks for the heads up! I guess in April Japan Net Bank will change to PayPay Bank, which seems like positive news in terms of technological progression. Did you consider other banks as well but decided on Japan Net Bank through word of mouth? Also, any English support?
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mule96
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Location: Yokohama

Re: Business Bank Account

Post by mule96 »

I would be more curious not about the application process, but about the actual usage at all. But I also have hopes that online banks are more modern here.
AreTheyTheLemmings?
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Re: Business Bank Account

Post by AreTheyTheLemmings? »

My kabushikigaisha uses Japan Net Bank.
For the most part, it's a hassle-free experience.
glimmer
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Location: Kansai

Re: Business Bank Account

Post by glimmer »

Excellent news!! As tax time approaches, I guess the million yen question is, how straightforward is producing .CSV files for one's accountant for blue form deductions?
AreTheyTheLemmings?
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Re: Business Bank Account

Post by AreTheyTheLemmings? »

無題.png
glimmer
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Posts: 69
Joined: Mon Jul 20, 2020 2:04 pm
Location: Kansai

Re: Business Bank Account

Post by glimmer »

AreTheyTheLemmings? wrote: Fri Feb 19, 2021 6:47 am 無題.png
🥳 Excellent! Thanks!!
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